Bitcoin could reach $200,000 next year, driven by institutional adoption and major market events, according to a new report. Analysts expect Wall Street to surpass Bitcoin's pseudonymous creator, Satoshi Nakamoto, as the largest BTC holder. “By the end of 2024, we expect Wall Street to replace Satoshi as the top Bitcoin wallet,” they noted.
Bitcoin (BTC) price has gained 6% over the last 30 days. However, the current trend strength, as indicated by the ADX, shows signs of weakening.
Bitcoin's dominance has surged past 57%, reaching its highest level since March 2021. This significant uptick illustrates a trend of growing market concentration in Bitcoin, while Ethereum's market share has plummeted to 13.5%, marking the lowest level since before the Ethereum Merge in September 2022.
Cycles rhyme but do not repeat. In the 2017-18 bull run, the weekly MACD bullish crossover saw a 617% return, but it could be much lesser this time.
The MicroStrategy chair is still facing criticism despite repentance.
Arkham Intelligence reported that Tesla transferred its entire stash of 11,509 Bitcoin (BTC) to new wallets. At the current market price, this amount is worth over $776 million.
The National Center for Public Policy Research, a conservative think tank, has notified shareholders of Microsoft that it intends to propose a Bitcoin Diversification Assessment at the company's annual meeting on Dec. 10, a filing shows.
Michael Saylor, the co-founder of MicroStrategy, has made headlines again, this time for his ambitious vision of leaving his substantial wealth to benefit humanity. In a recent interview with a New Zealand media outlet, Saylor discussed his plans to follow in the footsteps of Bitcoin's mysterious creator, Satoshi Nakamoto.
Microsoft's board is already recommending voting against it, arguing they already “evaluate a wide range of investable assets,” including Bitcoin.
Microsoft's board is already recommending voting against it, arguing they already “evaluate a wide range of investable assets,” including Bitcoin.
In a document filed with the US Securities and Exchange Commission (SEC), tech giant Microsoft revealed it's considering a proposal to invest in Bitcoin. Microsoft precisely disclosed that the “Assessment of Investing in Bitcoin” is currently proposed and will be voted on during the shareholder meeting on December 10.
Microsoft shareholders will vote in December on whether the company should invest in Bitcoin, according to an SEC filing on Thursday.
Recent on-chain data has revealed a new milestone for Bitcoin whales, i.e., addresses holding at least 1,000 BTC.
Microsoft shareholders are preparing to vote on a proposal to assess Bitcoin as a potential corporate investment. This proposal, submitted by a shareholder advisory board, calls for an in-depth evaluation of Bitcoin's role in Microsoft's treasury operations.
The total number of Bitcoin (BTC) whale entities has recently hit its highest level since January 2021, with data from on-chain analytics firm Glassnode showing there are 1,678 BTC whales.
Microsoft shareholders are set to vote on a proposal to assess Bitcoin (BTC) as a potential corporate investment at the tech giant's upcoming annual meeting at the end of the year, according to an Oct. 24 regulatory filing.
The Minneapolis Federal Reserve Bank has stirred significant conversation about the future of cryptocurrencies, particularly Bitcoin. The report, published on October 17, argues that cryptocurrencies should either be taxed or banned entirely to help manage persistent budget deficits.
Bitcoin, the largest cryptocurrency asset, could be set for positive movement once again. Recent developments around Coinbase Premium spark the potential for a short-term rally, suggesting a positive outlook for BTC in the upcoming weeks.
American multinational technology giant Microsoft has recently made headlines with a filing to the US Securities and Exchange Commission (SEC), indicating a potential interest in investing in Bitcoin (BTC), the largest cryptocurrency by market capitalization.
Despite the Bitcoin price consolidating between $65,000 and $68,000 over the past few days, analysts are increasingly optimistic about the potential for upward movement and new all-time highs for the largest cryptocurrency on the market in the coming months. Bitcoin Surge Regardless Of US Election Outcome In a recent social media post on X (formerly Twitter), market expert Timothy Peterson highlighted a basic trendline for the period 2023-2024, suggesting that current price behavior mirrors previous uptrend patterns.
A second Trump presidency would be good for Bitcoin, a Standard Chartered Bank analyst says. A Harris win would be just OK for crypto.
The 12 U.S. spot bitcoin exchange-traded funds (ETFs) enjoyed a $192.31 million boost on Wednesday, bouncing back from a rough Tuesday. Even the nine ether funds joined in the fun, seeing some modest gains during the day's trading. U.S. Crypto ETFs Bounce Back On Oct. 23, 2024, U.S. spot bitcoin ETFs saw inflows of $192.
An ancient Bitcoin whale tracked by Arkham has slowly been selling their holdings after not touching the stash for 10 years.
Standard Chartered believes Bitcoin will reclaim the $73,000 price level on Election Day, Nov. 5 and According to the report Bitcoin—Post-US Election Playbook, authored by the lender's head of digital assets research, Geoffrey Kendrick, the flagship crypto could see significant price movement before and after the upcoming US presidential election.
Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.
Tesla transferred $773M in Bitcoin before Q3 results, igniting speculation over potential sales.
Bitcoin, the leading cryptocurrency by market capitalization, has managed to reclaim the $68,000 level.
The Pennsylvania House of Representatives has passed a bill that could impact how digital assets are used within the state.
New short-term investors could be the next market's catalyst for Bitcoin's anticipated breakout. Data from CryptoQuant shows that UTXOs under 6 months have stopped declining and are now in a parallel line, with only about 8% of investors out of the money.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World visits Pubkey, the bitcoin-branded Manhattan bar, to learn about former President Donald Trump's recent campaign visit and how the pub serves as a gathering space for bitcoin enthusiasts.
Do you know how crucial is October for Bitcoin? Let's rewind 16 years.
Electric vehicle giant Tesla likely still holds $772.5 million in Bitcoin (BTC), according to the crypto deanonymizing platform Arkham. Last week, Arkham flagged a series of on-chain transactions indicating Tesla had moved its trove of 11,509 BTC for the first time in two years.
The Pennsylvania House of Representatives has made a significant move in the cryptocurrency regulation landscape in the US by passing the ‘Bitcoin Rights' bill with “overwhelming” bipartisan support.
According to data provided by research firm Arkham Intelligence, the ancient Bitcoin whale who started mining the leading cryptocurrency during the very first days of its existence keeps selling their holdings.
Tesla ranks fourth in Bitcoin holdings among publicly traded companies.
Although Bitcoin (BTC)'s price has plunged recently, analysts at brokerage firm Bernstein still believe the world's oldest and largest cryptocurrency has more gas left in the tank. They anticipate BTC hitting $200,000 over the next year or more.
Analysts at Hashkey Capital say altseason could find firmer footing once Bitcoin trades above $80,000.
The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading.
Saylor had previously argued that large, regulated institutions reduce the risk of Bitcoin asset seizure, unlike unregulated crypto-anarchists rejecting government oversight.
Pennsylvania has become the latest state to enact laws aimed at providing some regulatory clarity on digital assets with the new Bitcoin Rights Bill. State legislatures and governors are increasingly taking action to set guidelines for the US crypto industry.
MicroStrategy's share price topped $230 on Thursday, marking a nearly 25-year-high and a peak since its Bitcoin strategy started in 2020.
A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of a breakout despite dipping into the $65,000 range on Wednesday.
BTC options traders were pricing higher chances of $80K target post US elections.
Large surges in spot Bitcoin ETF inflows have historically been “followed by bearish price movements,” leading one analyst to warn that a price decline could follow.
TL;DR Cardano integrates with BitcoinOS (BOS), allowing access to over $1.3 trillion in Bitcoin liquidity for its DeFi ecosystem. The collaboration offers ADA users access to Bitcoin assets without intermediaries, using zero-knowledge (ZK) technology to ensure security. The Grail bridge, part of this integration, facilitates reliable Bitcoin transactions on the ADA blockchain.
Pennsylvania House passes Bitcoin Rights Bill with bipartisan support, setting guidelines for digital asset regulation. The post Pennsylvania House passes Bitcoin Rights Bill ahead of 2024 election appeared first on Crypto Briefing.